The US Department of Agriculture on Thursday revealed data on US farmers’ intentions for their spring sowings programme, and a quarterly briefing on US grain stocks.

Below key data in the briefings, and how these numbers differed from market expectations.

 

USDA estimates for US crop sowings, 2022
Crop Area estimate Difference from 2021 Difference from market forecast
Barley 2.922 -0.023 +0.003
Corn 91.996 +3.417 +1.116
Cotton 11.256 -2.507 +0.044
Oats 2.667 +0.086 +0.147
Rice 2.583 +0.361 +0.099
Sorghum 5.975 -0.350 -0.727
Soybeans 87.505 +0.055 -0.737
All wheat 49.855 4.117 +1.003
Of which winter wheat 37.505 +4.234 +1.249
Durum 1.780 +0.148 +0.114
Other spring 10.570 -0.265 -0.38
All data in million acres

 

 

USDA estimates for US grain inventories, as of March 1
Crop Stocks Difference from year before Difference from market forecast
Corn 7,401 -357 -69
Soybeans 1,685 -247 -57
All wheat 946 -83 +12
All data in million bushels